Kosmos Energy (NYSE:KOS) Stock Price Up 7.7% – What’s Next?

Shares of Kosmos Energy Ltd. (NYSE:KOSGet Free Report) rose 7.7% on Friday . The company traded as high as $1.88 and last traded at $1.90. Approximately 1,214,465 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 8,668,028 shares. The stock had previously closed at $1.76.

Analysts Set New Price Targets

KOS has been the topic of a number of research reports. Wall Street Zen raised Kosmos Energy to a “sell” rating in a report on Friday, May 16th. Benchmark reaffirmed a “hold” rating on shares of Kosmos Energy in a report on Thursday. The Goldman Sachs Group dropped their target price on Kosmos Energy from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Finally, Mizuho dropped their target price on Kosmos Energy from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.93.

Read Our Latest Research Report on Kosmos Energy

Kosmos Energy Stock Performance

The stock has a market capitalization of $910.61 million, a price-to-earnings ratio of 4.33, a price-to-earnings-growth ratio of 5.24 and a beta of 1.44. The firm has a fifty day moving average of $1.73 and a 200 day moving average of $2.64. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.75 and a quick ratio of 0.47.

Kosmos Energy (NYSE:KOSGet Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas producer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). Kosmos Energy had a net margin of 12.21% and a return on equity of 31.08%. The business had revenue of $290.43 million during the quarter, compared to analyst estimates of $338.23 million. On average, sell-side analysts anticipate that Kosmos Energy Ltd. will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Kosmos Energy

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1.81, for a total value of $50,540.63. Following the sale, the director now directly owns 29,921 shares of the company’s stock, valued at approximately $54,157.01. This trade represents a 48.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.99% of the stock is owned by corporate insiders.

Institutional Trading of Kosmos Energy

Several institutional investors have recently bought and sold shares of the business. VSM Wealth Advisory LLC purchased a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $34,000. Disciplined Investors L.L.C. purchased a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $36,000. Sapient Capital LLC purchased a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $37,000. Boothbay Fund Management LLC purchased a new position in shares of Kosmos Energy in the fourth quarter valued at approximately $45,000. Finally, Vident Advisory LLC purchased a new position in shares of Kosmos Energy in the first quarter valued at approximately $30,000. 95.33% of the stock is owned by institutional investors and hedge funds.

About Kosmos Energy

(Get Free Report)

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company’s primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.

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